- Cyprus is facing a scandal over the handling of VAT debts linked to Roman Abramovich.
- Journalist Makarios Drousiotis claims €25 million in VAT was written off for a company linked to Abramovich.
- The write-off allegedly began with a call from former President Nicos Anastasiades to the Finance Minister in 2013.
- Cyprus was in economic crisis at the time, but powerful figures allegedly made decisions benefiting Abramovich.
- Drousiotis was blocked from attending a Parliament session examining the case, sparking calls for transparency.
- MPs are investigating the disappearance of a company linked to Abramovich that owed €14 million in VAT.
- The company was fined for unpaid VAT but dissolved without settling the debt.
- The Audit Committee is probing the roles of various institutions in the debt issue.
- Allegations suggest political interference at high levels, raising concerns about Cyprus’ legal and tax systems.
Source: knews.kathimerini.com.cy
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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